The RentLaw.com Notice of Rent Increase
As the landlord you need to protect your investment – and keep up with your current and future expenses.
To do so, you should constantly be aware of current market rents in your area, the condition of your units and anticipated expenses.
Keeping your rents at or near market rates will minimize your expense exposure.
- If you are above market rate due to new construction units or new opportunities , you must control your expenses.
- Unexpected Expenses – heaters, Roofs, tenant damage etc
- Increased value of your home – but rents don’t rise. BUT . – YOUR PROPERTY TAXES HAVE!
- Insurance Expense
- Utilities or services that you as the landlord pay for increase
Use our NOTICE OF RENTAL INCREASE letter.
We provide two sample formats, FREE to use – word (.docx) or .PDF (retype following our format)
WHAT ABOUT RENT CONTROL? CAN I RAISE RENTS?
Answer: Search for your state or city on RentLaw.com or on Google. Check with your local government on rent control. FOR THIS REASON, be sure to properly notice the tenant in advance and in accordance with any local rent control (hike) laws.